What is guardian in SAP FS-AM - Account Management?

SAP Term: guardian

• Component: FS-AM

• Component Name: Account Management

• Description: A person appointed to safeguard/protect/manage the interests of a minor. A minor can only open a bank account if a guardian is appointed.

Smart SAP Assistant

• Key Concepts: 
  The guardian component in SAP FS-AM Account Management is a feature that allows users to assign a guardian to an account. The guardian is responsible for monitoring the account and ensuring that all transactions are compliant with the company’s policies and procedures. The guardian can also be used to approve or reject transactions, as well as to provide additional security measures such as two-factor authentication. 
  
  How to use it: 
  To assign a guardian to an account, the user must first create a user profile for the guardian. This profile should include the guardian’s name, contact information, and any other relevant information. Once the profile is created, the user can then assign the guardian to the account by selecting the “Assign Guardian” option from the account settings page. 
  
  Tips & Tricks: 
  When assigning a guardian to an account, it is important to ensure that the guardian is someone who is trustworthy and reliable. It is also important to ensure that the guardian has access to all of the necessary information and tools needed to properly monitor and manage the account. 
  
  Related Information: 
  For more information on how to use the guardian component in SAP FS-AM Account Management, please refer to SAP’s official documentation. Additionally, there are several online resources available that provide detailed tutorials on how to use this feature.